The Great Resignation Was Caused by the COVID-19 Housing Boom

Paper
Jan 25, 2023
#Pandemic #Economics

Jack Y Favilukis

@JackYFavilukis

(Author)

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Following the Covid-19 pandemic, U.S. labor force participation declined significantly in 2020, slowly recovering in 2021 and 2022 -- this has been referred to

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Joseph Wang @FedGuy12 · Feb 1, 2023

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Interesting paper suggesting the wave of early retirements was due to boomers experiencing huge home price appreciation. They thus felt wealthy enough to not work anymore.